Bond buyer index historical
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Bond buyer 11 index
Investors use the Bond Buyer Index to plot interest rate patterns in the municipal market. The Bond Buyer Index, also known as the BB40 index, is based on the prices of 40 recently issued and actively traded long-term municipal bonds. The 40 municipal bonds included in the index comprises of general obligation and revenue issues rated A or better with:. The Bond Buyer Index is calculated by The Bond Buyer , which expresses the value of the index in points and 32ds thirty seconds.
The price quotations provided by six municipal bond dealers are used to calculate the index's value twice a day—at 12 p. The index is published daily and the components of the index are adjusted twice per month. While bonds that are noncallable and bonds that are subject to the alternative minimum tax AMT and fixed-rate re-marketings are eligible for inclusion in the index, taxable bonds, variable-rate bonds, and private placements are excluded.
The futures contracts are quoted in points and 32ds of principal value, and the options contracts are quoted in points and 64ths. In addition, investment advisers use the Bond Buyer's Municipal Bond Index to evaluate and track changes in new issues of high rated municipal bonds. All these indices are widely watched by investors and traders in the municipal bond market. The Bond Buyer 20 index, for instance, tracks the yields of 20 general obligation municipal bonds.
Investing Essentials. Municipal Bonds. Stock Trading. Fixed Income Essentials. Your Money. Personal Finance. Your Practice. Popular Courses. Bonds Municipal Bonds. What Is Bond Buyer Index? Investors use the Bond Buyer Index to plot interest rate patterns in the municipal market while traders use it to trade municipal bond index futures and options on the CBOT.
Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Terms Bond Buyer 20 Bond Buyer 20 is a representation of municipal bond trends based on a portfolio of 20 general obligation bonds that mature in 20 years. The index is based on a survey of municipal bond traders rather than actual prices or yields.
Placement Ratio The placement ratio calculates the amount of bonds sold during the week as a percentage of the amount of municipal bonds issued during the same week. Revdex A Revdex is a bond index that estimates the approximate yield that an investor will receive if he or she invests in revenue bonds maturing in 30 years. Industrial Revenue Bonds—IRBs Municipal debt securities issued by a government agency on behalf of a private sector company and intended to build or acquire factories or tools.
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to % from % the week. The Bond Buyer Index, or the Bond Buyer's Municipal Bond Index, is an index published by The Bond Buyer, a daily finance newspaper that.
Description of Indices. The indices represent theoretical yields rather than actual price or yield quotations. Municipal bond traders are asked to estimate what a current-coupon bond for each issuer in the indices would yield if the bond was sold at par value. The indices are simple averages of the average estimated yields of the bonds.
The Bond Buyer is a century-old daily national trade newspaper based in New York City and focused on covering the municipal bond industry.
Investors use the Bond Buyer Index to plot interest rate patterns in the municipal market. The Bond Buyer Index, also known as the BB40 index, is based on the prices of 40 recently issued and actively traded long-term municipal bonds.
